Examples of Performance Share in a sentence
The Committee may, in its sole discretion, waive any performance or vesting conditions relating to a Performance Share Award.
For avoidance of doubt, the earlier Date of Termination will be used as the vesting date for purposes of Equity and Performance Share Units below.
Note that the Option Agreement(s), Restricted Stock Unit Agreement(s) and Performance Share Agreement(s) provide that the Executive’s undertaking competitive employment at any time shall result in the termination of any options, restricted stock units and performance share units granted thereunder (the “Equity Non- Competes").
Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Date of Grant.
A Performance Share Award may be granted with a dividend equivalent right with respect to the shares of Common Stock subject to the Award, which may be accumulated and may be deemed reinvested in additional stock units, as determined by the Committee in its sole discretion.